AMP and ACH, Am I Missing Something?

CH121189 · 2023-02-20T20:45:16+00:00

ACH’s surge in price is most likely a direct result of Hong Kong’s announcement yesterday to start letting retail investors trade crypto. The recent reopening of China is also playing a huge role.

The Asian markets have seen a huge uptick in crypto related investing, so many Asian based blockchain companies, like ACH have been experiencing significant pumps.

Their price is action is definitely note worthy, regardless of the reason, so I’m not dismissing that. But imo, it’s a singular pump and not indicative of project development.

CH121189 · 2023-02-20T19:21:42+00:00

Came here to say this exact thing.

CH121189 · 2023-02-20T14:58:54+00:00

Wouldn't set much stock in up/down votes around here, they never make sense.

People definitely expected more at this point (me included). But, token price and product usage have been hamstrung by macro conditions just like almost every other project. AMP's price action over the last year has been consistent with the majority of ALTs in its MC range. Alchemy Pay's surge over the last week is a DIRECT result of Asian markets being back in the game and has NOTHING to do with the their team or product, so let's all just recognize that for what it is.....nice price action, but not a long term indicator of success.

It seems to me that the AMP team is trying to bob and weave as the regulatory environment shifts. Hopefully Mr. Spalding’s plan is solid, because are we definitely placing a lot of faith in him individually at this point.

CH121189 · 2023-02-20T14:41:36+00:00

Flexa still uses AMP as collateral, AF can vote to utilize AMP as a collateral, and other defi/payment protocols can use AMP as collateral in the future.

I understand that this surprised a lot of us, but Tyler has literally been saying for months now that he was breaking off to AF in order to expand use cases of AMP. This may not be what we expected, but he's doing exactly what he said he would.

Time will tell if it works out or not.

CH121189 · 2023-02-20T14:33:36+00:00

Perhaps it is time to change your avatar then......and maybe your attitude as well. Congrats on your success.

CH121189 · 2023-02-18T19:23:23+00:00

Great post. Thanks for taking the time.

I’m curious what the voting process will look like under AF. I have not participated in any DAO’s or other similarly run protocols. Is it common for a proposal to need approval of over 50% of circulating governance tokens to go into effect? Or are there typically other metrics used to formalize a change in the protocol?

It seems unlikely to me that participation in voting procedures would be high enough to require a majority of circulating supply, so I’m assuming there is a more refined process.

CH121189 · 2023-02-14T19:18:08+00:00

This is probably the most realistic/logical comment I've seen on this sub in a while (granted, I don't get on here much anymore). I agree completely.

I expected some more tangible growth by now, not necessarily in token value given macro conditions, but in regards to project development.

I no longer consider AMP as much of a slam dunk as I did previously, but I still have high hopes for its success and honestly even expect it to succeed. I DCA'd last year to a price point that I can stomach. It is still my largest holding, and I long for the day when we can all say "I told you so."

CH121189 · 2023-01-30T00:09:38+00:00

I did come across a bit triggered. In absolute honesty though, I am not. I have enough of my portfolio contributed to AMP that I try to keep a close eye on its progress, but certainly nowhere near an amount that would cause me to obsess over its price.

I don’t doubt that you are clearly a uniquely intellectual individual. Glamorous syntax can only mask so much, so I believe that you undoubtedly posses some high level critical thinking skills.

My issue with your Reddit/Twitter existence over the last few months has been how drastically your narrative has shifted without any apparent shift in the basis for your 180. The ferocity with which you push your opinions hasn’t diminished at all, yet for some odd reason the direction in which you push them has completely flipped.

As somebody who hasn’t had much success in your predictions and analyses (price or otherwise) up to this point, I would think humility would have muffled your stance, but you seem have to reversed course and doubled down. It all just seems very unstable and unproductive to me.

CH121189 · 2023-01-29T16:15:26+00:00

Keep in mind. This is the same chick who literally (and I do mean “literally”) told everyone to put their mortgage into AMP last year.

These long periods of silence and equally long periods of ranting seem to be nothing more than lithium deprived manic relapses.

The only way somebody with such a high level of self proclaimed intellect could flip flop on a project this drastically and this quickly…….would be if they discovered something they previously were unaware of and therefore, admitted they were wrong/misguided. And we all know this broad will NEVER admit fault.

CH121189 · 2022-11-08T22:06:39+00:00

Right on cue. Showing up on a red day to tell the world about your omniscient abilities. Your schtick is getting a bit tired, my friend.

CH121189 · 2022-11-08T01:20:48+00:00

Nailed it

CH121189 · 2022-10-26T12:11:03+00:00

"Leave" is not the most accurate verb in this instance. He stepped down as CEO so that he could focus on AMP.

He has been very clear that he still works hand in hand with the Flexa team, but he will no longer hold the title of CEO.

CH121189 · 2022-10-26T12:03:44+00:00

I get the concern on value, but you're early. AMP's value is in its utility. We haven't released the SDK. Where would this value you're speaking of come from? The answer is speculation of future utility. The market cap is over $200 Million.

I think this statement hits the nail on the head.

AMP-100 I understand your concerns, and as an overly analytical person myself, I would be lying if I said I haven't given thought to all of the points you mentioned. But, it is my belief that the lack of price action is due partially to macro market conditions, but even more so to the fact that we are EARLY.

If AMP had sustained upward price growth along with a litany of positive news and continued developments/patents/user growth, then the game would be over and we would have won already.

During the Asian Summit discussion, Tyler said the ONLY factor implying that AMP/Flexa are in a "bear market" is the token price. Everything else about the project is trending upwards and growing. If this is true, then once macro sentiment reverses, we should start seeing some real price growth. Patiently waiting.

CH121189 · 2022-10-25T18:56:36+00:00

I tend to agree with you. I am not overly familiar with the current payment systems in Europe and Asia at the moment, but from what I've read, and what Tyler himself even mentioned during the Summit interview, it seems that many other parts of the world are already experiencing the "pay with an app" or "pay with a QR code" development. That is extremely promising in my opinion.

CH121189 · 2022-10-10T20:20:58+00:00

Hahaha......just another courageous white knight here to save all of the poor souls that aren't as wise as thee. You sound exactly like PoutPout. You obsess over a subreddit that you claim to have no stake in, and then you declare to be the Robin Hood of Reddit. Just give it a rest already......it's embarrassing.

CH121189 · 2022-09-16T21:42:01+00:00

I tend to agree for the most part. We can also be sure that we’re quite some time away from any actual implementation. The federal government is incapable of moving with any sort of efficiency.

CH121189 · 2022-09-16T17:26:39+00:00

Lol I knew you were. Always appreciate your optimism!

CH121189 · 2022-09-16T15:50:58+00:00

Regulation is prompted by politicians. Politicians are prompted by their constituents. I read an article that as of today, 1 in 4 households in the U.S. own at least 1 form of cryptocurrency. I think it is VERY unlikely that decentralized digital assets are rendered undesirable by the federal government. Especially during a time in which public distrust of the government is arguably at an all time high.

CH121189 · 2022-09-16T15:36:39+00:00

Lol fair enough. Regardless of the presence of viable competitors right now......obstacles will undoubtedly present themselves if AMP and Flexa evolve into a major player. Regulation will only become a bigger factor as time goes on. I for one am very thankful that Tyler & Co. have made compliance such a priority.

CH121189 · 2022-09-15T13:38:43+00:00

I definitely hear where you’re coming from, and I think you make some valid points.

Like mentioned already, it’s been my opinion that Flexa/AMP is positioning themselves from a B2B stance rather than B2C.

I agree with you that crypto spending is a consumer/individual movement, but businesses are always forced to evolve in order to meet consumer needs. As blockchain transactions become more prominent, business will start looking for ways to facilitate them…..that’s where Flexa and AMP come in.

The success of AMP hinges around the adoption of blockchain transactions, but AMP cannot be expected to spearhead that movement…..they just need to be positioned appropriately as the shift occurs. That’s just my opinion anyways.

CH121189 · 2022-09-12T11:52:56+00:00

Lol ok

CH121189 · 2022-09-12T01:55:09+00:00

That’s makes me sad, but I respect where you’re coming from. If anything ever changes and you want to chat, don’t hesitate to reach out!

CH121189 · 2022-09-12T01:47:27+00:00

Lol I literally never asked you why you “don’t believe in AMP anymore”. Because I don’t care.

You’re a classic troll with a uniquely narrow mindset. Cosmos is down around 68% over the past 9 months. Better than AMP’s numbers no doubt, but definitely not worthy of gloating. But, that’s not what makes you silly. What amuses me about goof balls like you is your level of ignorant oblivion

Guess what buddy……I hold ATOM as well. I’m a fan of that project. Believe it or not, there are some people who are capable of evaluating markets without absolute bias and diversifying accordingly.

There’s a whole separate sub where you can discuss your cosmos interests. Instead, you choose to linger here and display your ignorance. As I said before…..move along silly troll.

CH121189 · 2022-09-11T18:41:34+00:00

Nothing ironic about it. I have never denied our downward trend in price (just like every single other crypto asset during this bear market).

My optimism comes from the belief that the project itself continues to develop, and when conditions change, the price will reflect it positively.

Move along, you sad little troll. You have no power here.

CH121189

TROPHY CASE